This is a group consisting of two women who have taken out a joint loan. Elisabeth Sourou is the leader of the group. She is 42 years old, married and doesn't have any children. She has been trading in fabrics for several years. She gets her supplies from one of the markets in Benin and beyond. In order to increase her capital and respond positively to the demands of her customers, she has requested and obtained a microloan from Finadev. This loan will enable her to maximize her profit and contribute to the household expenses. Elisabeth Sourou is on the left in the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Agée de 42ans, Elisabeth Sourou la responsable est mariée et sans enfant. Distributrice de tissus depuis quelques années, elle s'approvisionne dans l'un des marchés du Bénin et de l'extérieur. Dans le but d'augmenter son capital et de réponcre favorablement aux exigences de sa clientèle, elle a sollicité et a obtenu un micro crédit à Finadev. Ce crédit lui permettra de maximiser son bénéfice et de participer aux charges du foyer. Elisabeth Sourou se retrouve à gauche dans la photo.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.